China, Mexico to establish $2.4B investment fund

World Today

Mexico’s President Enrique Pena Nieto and China’s President Xi Jinping meet at the Great Hall of the People in Beijing . AFP PHOTO / POOL / JASON LEE

Chinese President Xi Jinping has met with his Mexican counterpart Enrique Pena Nieto in Beijing Thursday. The two leaders discussed a $2.4 billion investment fund to support infrastructure, mining, and energy projects in both countries. A $5 billion oil deal was also on the agenda. CCTV America’s Su Yuting reported this story from Beijing.

Mexico is seeking deeper business ties with China. Since President Xi Jinping made his visit to Mexico more than a year ago, the two countries have reached consensus on many issues including consolidating the comprehensive strategic partnership.

The two leaders have witnessed signing of 14 agreements including scientific and high-tech research, tourism as well as trade cooperation by Mexican and Chinese delegates.T he deals include several agreements ranging from export deals for Chinese citrus fruit and Mexican tequila, to agreements to promote tourism in Mexico.

During the news conference, President Xi Jinping said China would like to further develop the relationship with Mexico and continue to work towards world peace and prosperity.

Ahead of Nieto’s state visit, Mexico revoked a high-speed rail contract from a China-led consortium after lawmakers alleged the railway contract was rigged.

China has expressed shock at the revocation, and Li told Nieto this week that the bidding result is just and legitimate, adding that Chinese firms should be treated fairly.

Nieto arrived in Beijing on Sunday to attend the Asia-Pacific Economic Cooperation forum and held talks with Chinese Prime Minister Li Keqiang on Wednesday.

Story compiled with the information from CCTV America, the Xinhua News Agency, and AP.

China, Mexico to establish $2.4B investment fund

Chinese President Xi Jinping has met with his Mexican counterpart Enrique Pena Nieto in Beijing Thursday. The two leaders discussed a $2.4 billion investment fund to support infrastructure, mining, and energy projects in both countries. A $5 billion oil deal was also on the agenda. CCTV America’s Su Yuting reported this story from Beijing.